Florida Legislator Seeks to Regulate Fantasy Sports:
Senator Travis Hutson (R-Palm Beach) has introduced the Fantasy Sports Contest Amusement Act, SB 1568, to bring legalization and regulation to daily fantasy sports in Florida. The bill aims to provide clarity and consumer protections for individuals participating in fantasy sports contests. The proposed act requires fantasy sports contests to involve the skill of contest participants and defines "contest" as managing a fantasy or sports team composed of athletes from a professional sports organization. The $1 million licensing fee and $250,000 annual renewal would provide a revenue stream for the state.
Florida Technically Prohibits Fantasy Sports Operations:
While Florida has not taken legal action against fantasy sports operators, the state technically does not allow them to do business there. SB 1568 seeks to address this ambiguity by establishing a regulatory framework for fantasy sports contests. The act would require fantasy sports contests to be determined predominantly by accumulated statistical results of the performance of individuals, [+]
The Fantasy Sports Contest Amusement Act proposes a $1 million licensing fee for commercial operators to do business in Florida with a $250,000 annual renewal.
Senator Travis Hutson (R-Palm Beach) has introduced the Fantasy Sports Contest Amusement Act, SB 1568, to bring legalization and regulation to daily fantasy sports in Florida. The bill aims to provide clarity and consumer protections for individuals participating in fantasy sports contests. The proposed act requires fantasy sports contests to involve the skill of contest participants and defines "contest" as managing a fantasy or sports team composed of athletes from a professional sports organization. The $1 million licensing fee and $250,000 annual renewal would provide a revenue stream for the state.
Florida Technically Prohibits Fantasy Sports Operations:
While Florida has not taken legal action against fantasy sports operators, the state technically does not allow them to do business there. SB 1568 seeks to address this ambiguity by establishing a regulatory framework for fantasy sports contests. The act would require fantasy sports contests to be determined predominantly by accumulated statistical results of the performance of individuals, [+]
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